Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.23.3
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2023
Commitments and Contingencies  
Schedule of our lease assets and our lease liabilities

The following table reflects our lease assets and our lease liabilities at September 30, 2023 and December 31, 2022 (in thousands).

    

September 30, 

    

December 31,

2023

2022

Assets:

Operating lease right-of-use assets

$

637

$

120

Liabilities:

 

  

 

  

Operating lease liabilities, current

$

$

154

Operating lease liabilities, non-current

$

635

$

39

Schedule of components of lease costs

The components of lease costs were as follows (in thousands):

    

Three Months Ended

    

Nine Months Ended

September 30, 2023

September 30, 2023

Operating lease cost

$

42

$

97

Short term lease cost

13

41

Total lease cost

$

55

$

138

Schedule of maturity of operating lease liabilities

As of September 30, 2023, the maturity of operating lease liabilities was as follows:

(in thousands)

    

Payments due in:

 

Year ending December 31, 2023 (remaining 3 months)

 

$

21

Year ending December 31, 2024

 

62

Year ending December 31, 2025

183

Year ending December 31, 2026

189

Year ending December 31, 2027

194

Thereafter

303

Total minimum lease payments

952

Less: Amounts representing interest

 

(317)

Present value of capital lease obligations

$

635

Schedule of lease term and discount rate

    

September 30, 2023

Weighted-average remaining lease term (in years)

 

5.75

Weighted-average discount rate

 

13.0

%

Schedule of supplemental cash flow information related to leases

Supplemental cash flow information related to leases was as follows (in thousands):

    

Three Months Ended

    

Nine Months Ended

September 30, 2023

September 30, 2023

Operating cash outflows from operating leases

$

43

$

129